Stock Track | Yidu Tech Soars 16% on Major Big Data Project Win

Stock Track

2024-11-12

Shares of Yidu Tech Inc (2158.HK) surged 16% on Monday, following the news that its subsidiary Yidu Cloud (Beijing) Technology Co secured a major big data platform project in Tianjin Binhai New District Economic & Technological Development Zone.

The project, worth RMB 21.8 million (approximately $3.1 million), involves the development of a healthcare big data platform for the Tianjin Binhai area. This win highlights Yidu Tech's strong capabilities in the big data and healthcare technology sectors, and could potentially lead to more contracts and revenue growth in the future.

Investors reacted positively to the news, driving up Yidu Tech's stock price by 16% amid optimism about the company's expanding business opportunities and prospects in the lucrative healthcare big data market. As big data and artificial intelligence continue to play a crucial role in various industries, Yidu Tech's expertise in these areas could position the company for long-term success.

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